Business
Sangoma Announces Sixth Acquisition in Six Years, Buying All Key Assets of CCD Division from Dialogic Corporation
(via TheNewswire) MARKHAM, ONTARIO / TheNewswire / January 9, 2018 ...
About this update from Sangoma Technologies Corporation
[{"type":"text","content":"Sangoma Announces Sixth Acquisition in Six Years, Buying All Key Assets of CCD Division from Dialogic Corporation(via TheNewswire)\n \n \nMARKHAM, ONTARIO / TheNewswire / January 9, 2018 - Sangoma Technologies Corporation (TSX VENTURE:STC), a trusted leader in delivering Unified Communications solutions for SMBs, Enterprises, OEMs, and Service Providers, both on-premises and in the cloud, today announced the acquisition of all key assets of the Converged Communication Division from Dialogic Corporation. \n\n \n \nDialogic, one of the industry's true pioneers in the transition from PSTN to IP and Cloud based networks, is headquartered in Parsippany, New Jersey. The CCD division offers a full line of gateways and interface boards, with over 25% of sales in recurring services revenue, to customers around the globe.\n\n\n \n\"We continue to look for prudent ways to grow our customer base, our product portfolio, our talented team of employees, our distribution network and our overall revenue\", said Bill Wignall, President and CEO of Sangoma. Wignall continued, \"This acquisition, our sixth in 6 years, is expected to add approximately $15 million of sales over the next twelve months. It is one more step along the way, as we seek to add scale to our business by augmenting our organic growth with selective acquisitions, during a time of industry consolidation. I'd like to welcome all our new staff and clients to the growing Sangoma family.\"\n\n\n \nThe acquisition provides Sangoma with several strategic advantages, including: accelerated sales growth, expanded recurring revenue, stronger gross margins, increased profitability, about 45 excellent employees at a time when competition for talent is increasing, and complementary products that the Company understands well. In addition, this acquisition will add hundreds of larger enterprise/service provider/OEM customers, dozens of leading channel partners around the world, and strong supply chain capabilities which will allow Sangoma to significantly expand the scale and scope of its operations. The CCD product lines will become an integral part of the Sangoma portfolio over the coming year. \n\n\n \nFollowing the acquisition, the General Manager of CCD, Mr. Jim Machi will join Sangoma and continue to lead the division, providing continuity and reassurance to CCD employees, customers, and...